Jefferson County National Bank v. Dusckas

Smith (E. N.), J.

The plaintiff holds two promissory notes of the defendant, one, dated September 27, 1937, a discounted note, payable three months after date, in the sum of $5,300, due December 27, 1937; the other, dated October 2, 1937, payable three months after date, with interest at four per cent, in the sum of $12,800, due January 2, 1938, which latter note is upon a collateral form and is secured by collateral listed thereon. On or about December 21, 1937, the plaintiff notified the defendant that it would not renew these notes or either of them at maturity, and demanded that the…